There has been some buying insider activity on Hyster-Yale Materials Handling, (NYSE:HY) recently. Alfred M. Et Al Rankin, Chairman acquired $454,603 worth of shares at an average price of $48.46 on Mon the 19th. Rankin now owns $145 of stock per an SEC filing yesterday. Claiborne R. Rankin, Director bought $72,108 worth of shares at an average price of $48.46 on September 19th. That brings the Director’s holdings to $202,417 as reported to the SEC.
Here are a few additional firms who have increased or decreased their stake in (HY). As of the end of the quarter Royal Bank Of Canada had bought 3,313 shares growing its position 1,624.0%. The value of the investment in HY increased from $14,000 to $209,000 increasing 1,392.9% since the last quarter. As of quarter end Ifp Advisors, Inc had acquired a total of 100 shares growing its holdings by 181.8%. The value of the investment in (HY) went from $4,000 to $9,000 a change of 125.0% quarter to quarter.
Schwab Charles Investment Management Inc added to its holdings by buying 8,366 shares an increase of 17.0% in the quarter. Schwab Charles Investment Management Inc currently owns 57,572 shares with a value of $3,425,000. The value of the position overall is up by 32.7%. Walthausen & Co., LLC trimmed its stake by shedding 33,310 shares a decrease of 38.2% from 03/31/2016 to 06/30/2016. Walthausen & Co., LLC owns 53,778 shares worth $3,199,000. The total value of its holdings decreased 44.8%.
On September 23 the company was upgraded from “” to “Buy” in a report issued by Sidoti & Co.. Equity analyst Berenberg started covering HY giving it an initial rating of “Hold”.
On April 23, 2015 Berenberg started covering the stock setting a rating of “Hold” and establishing a price target of $80.90. Global Hunter downgraded the stock and lowered the price target on October 31 cutting the price target from $88.00 to $81.00 and setting the rating at “Neutral” which had previously been “Speculative Buy”.
On October 31 the stock rating was downgraded to “Neutral” from “Speculative Buy” with a current price target of $81.00 by Global Hunter. Global Hunter initiated coverage with an initial rating of “Speculative Buy” and a price target of $104.00.
In the market the company is trading up by 1.64 percent from yesterday’s close. Additionally Hyster-Yale Materials Handling, announced a dividend for shareholders paid on Thursday September 15th, 2016. The dividend payment was $0.295 per share for the quarter or $1.18 on an annualized basis. This dividend amount was represent a yeild of $2.12. The ex-dividend date was set for Tuesday the 30th of August 2016.
It is trading at $58.42 marginally over $52.08, the stock’s 50 day moving average and a tad below the 200 day moving average of $60.27. The 50 day moving average was up $6.34 and the 200 day average went down by -3.07%.
The P/E ratio is 16.94 and market cap is 957.27M. In the latest earnings report the EPS was $3.45 and is projected to be $3.04 for the current year with 16,386,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.96 and the next full year EPS is projected to be $3.59.